Category: Top National News

National Mortgage News, Jan. 30, 2017–Brian CollinsA federal appeals court ruled Monday that the Treasury Department will have to hand over more documents to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two government-sponsored enterprises.

HousingWire, Jan. 30, 2017–Brena SwansonA freeze on a final rule of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, TRID, could become an unfortunate side effect of Trump’s executive order on Monday.

Housing Scene, Jan. 27, 2017–Sichelman, LewOf the thousands of complaints received by the Consumer Financial Protection Bureau, gripes regarding debt collections from the military community numbered twice the rate of the general population.

Forbes, Jan. 27, 2017–Razin,Ely As America’s real estate president begins his term, it is perhaps fitting that the top loan in one of the year’s first commercial mortgage-backed securities deals turns out to be for a building closely connected to the president’s son-in-law and fellow real estate developer, senior White House adviser Jared Kushner.

National Real Estate Investor, Jan. 27, 2017–Bell, DianaInvestment sales volume in the commercial real estate sector for 2016 fell about 11 percent year-over-year, but sources say the decline in transactions was skewed by a “gangbuster” 2015 marked by significant platform and portfolio sales.

GoRion, Jan. 27, 2017–Bourgi, Sam Fannie Mae warns that political uncertainty around the new Republican administration and rising affordability challenges could limit U.S. housing growth in 2017.

HousingWire, Jan. 27, 2017–Swanson, BrenaThe acquisition, if completed, would position Home Point as a top-25 mortgage originator and servicer.

Reuters, Jan. 27, 2017–Leung, RichardThe U.S. Federal Reserve will stop reinvestments of its mortgage-backed securities holdings in April 2018 in an attempt to shrink its $4.2 trillion balance sheet that had ballooned from bond purchases to combat the last recession, Morgan Stanley analysts said on Friday.

Wall Street Journal, Jan. 28, 2017–Leubsdorf, BenThe U.S. ended 2016 on a familiar trajectory of roughly 2% economic growth, the lackluster trend that has prevailed through most of the current expansion and which President Donald Trump has pledged to double in the face of stubborn long-term headwinds.

HousingWire, Jan. 27, 2017–Lane, BenThe tale of Jesse Litvak may finally be moving toward an ending, as a federal jury on Friday found the former Jefferies managing director and mortgage-backed securities trader guilty on one count of fraud.